Ocean Power Technologies Ships Multiple WAM-Vs to U.S. Government

Proactive - Interviews for investors

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to announce the company has successfully shipped multiple WAM-Vs (Wave Adaptive Modular Vessels) to fulfill a previously announced contract with a U.S. government department. While the specific terms of the contract remain undisclosed due to its sensitive nature, this delivery marks a key milestone, enabling revenue recognition for the company. Stratmann highlighted that this delivery builds on OPT's recent commercial successes with both WAM-Vs and PowerBuoys®, which are used for autonomous Maritime Domain Awareness, Counter Unmanned Underwater Vehicles, and Mine Counter Measure Solutions across regions including North America, Sub-Saharan Africa, and the Middle East. He emphasized that the deployment of these systems underlines their growing role in advancing ocean security through small, unmanned surface vehicles, serving as cost-effective force multipliers for both the U.S. government and other offshore operators. The interview also touched on the company’s efforts in Latin America, specifically its Memorandum of Understanding (MOU) with SENAI in Brazil, which allows them to demonstrate their offshore energy platforms. Stratmann explained that having both government and commercial clients helps mitigate risks and supports stable revenue generation. #proactiveinvestors #oceanpowertechnologiesinc #nyseamerican #optt #PhillipStratmann, #USGovernmentContract, #OffshoreAutonomy, #MaritimeSecurity, #CommercialPlatforms, #GrowthStrategy, #BuoyBusiness, #VehicleBusiness, #InternationalExpansion, #ReadyToDeploy, #AutonomousSystems, #EconomicImpact, #ShippingLanes, #FreedomOfNavigation, #CostEffectiveSolutions, #LowEmissionTech, #SecurityInnovation, #GlobalShipping, #ProactiveNewsroom#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews